Venezuela Oil Proceeds Transparency Act

S 3838, the Venezuela Oil Proceeds Transparency Act, requires the Government Accountability Office (GAO) to audit the U.S.-Venezuela energy deal announced January 6, 2026, within 30 days of the bill's enactment. The audit will examine how the Departments of State, Energy, and Treasury, along with contractors, implement the deal - including the handling of oil sale proceeds in U.S.-controlled accounts. The GAO must provide an interim briefing within 30 days of completing the audit and submit a final report to Congress within 90 days, detailing findings, risks of fraud or abuse, and recommendations. This bill directly affects federal agencies managing the energy deal and aims to ensure transparency in how oil revenue is distributed. It does not alter the energy deal itself but mandates independent oversight of its financial operations.